<b>SUMMARY INDIAN AUTOMOBILE INDUSTRY : STEADY GROWTH AT 16% DURING YEAR 2004-05</b> <!--emo&:clapping--><img src='style_emoticons/<#EMO_DIR#>/clap.gif' border='0' style='vertical-align:middle' alt='clap.gif' /><!--endemo-->
<b>Domestic Sales</b>
The Automobile Industry performance in the year 2004-05 showed encouraging results for all segments of the automobile industry. The industry registered a growth of around <b>16%</b> in numbers over the year 2003-04.
Despite the speculations of slow growth from different quarters because of unprecedented rise in input prices, the <b>passenger vehicles</b> posted a growth of <b>18%</b> in the year 2004-05 over the year 2003â04. SIAM had mentioned in the beginning of the year 2004-05 of a similar growth while announcing the performance figures for 2003-04.
Within the passenger vehicle segment, <b>passenger cars</b> and <b>utility vehicles</b> have grown by <b>18%</b> and <b>20%</b> respectively while <b>MPVs</b> have grown at the rate of over 9%.
The <b>commercial vehicle segment</b> clocked a growth rate of <b>22%. M&HCV</b> segment has grown by <b>23%</b> whereas <b>LCVs</b> grew by over <b>21%.</b>
<b>Two Wheeler</b> segment as a whole during the year 2004-05 grew by over <b>15%.</b> Backed by Governmentâs initiative on rural roads and better connectivity with major towns and cities, improved agricultural performance, upward trend of purchasing power in the hands of rural people, <b>the two wheeler industry was able to achieve the record performance of crossing 6 million two wheelers with exact sales standing at 6,208,860 during the year 2004-05.</b>
<b>Exports</b>
The performance of the automobile industry in exports is also encouraging.
<b>Commercial vehicle</b> exports increased to an all time high of touching <b>30,000</b> growing at a rate of <b>72%</b>
<b>Passenger vehicle</b> exports grew by <b>29%</b> to <b>166,413</b> units.
The <b>Two Wheelers</b> also crossed three hundred thousand mark for the first time clocking around <b>366,724 numbers</b> and recorded a growth rate of plus <b>38%</b> over the last year.
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
<b>Domestic Sales</b>
The Automobile Industry performance in the year 2004-05 showed encouraging results for all segments of the automobile industry. The industry registered a growth of around <b>16%</b> in numbers over the year 2003-04.
Despite the speculations of slow growth from different quarters because of unprecedented rise in input prices, the <b>passenger vehicles</b> posted a growth of <b>18%</b> in the year 2004-05 over the year 2003â04. SIAM had mentioned in the beginning of the year 2004-05 of a similar growth while announcing the performance figures for 2003-04.
Within the passenger vehicle segment, <b>passenger cars</b> and <b>utility vehicles</b> have grown by <b>18%</b> and <b>20%</b> respectively while <b>MPVs</b> have grown at the rate of over 9%.
The <b>commercial vehicle segment</b> clocked a growth rate of <b>22%. M&HCV</b> segment has grown by <b>23%</b> whereas <b>LCVs</b> grew by over <b>21%.</b>
<b>Two Wheeler</b> segment as a whole during the year 2004-05 grew by over <b>15%.</b> Backed by Governmentâs initiative on rural roads and better connectivity with major towns and cities, improved agricultural performance, upward trend of purchasing power in the hands of rural people, <b>the two wheeler industry was able to achieve the record performance of crossing 6 million two wheelers with exact sales standing at 6,208,860 during the year 2004-05.</b>
<b>Exports</b>
The performance of the automobile industry in exports is also encouraging.
<b>Commercial vehicle</b> exports increased to an all time high of touching <b>30,000</b> growing at a rate of <b>72%</b>
<b>Passenger vehicle</b> exports grew by <b>29%</b> to <b>166,413</b> units.
The <b>Two Wheelers</b> also crossed three hundred thousand mark for the first time clocking around <b>366,724 numbers</b> and recorded a growth rate of plus <b>38%</b> over the last year.
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->